Everybody can do their bit to reduce carbon emissions by lifestyle changes such as driving less, buying less plastic, using less electricity, etc. As a property management company, we can also do our bit to achieve the same by making changes to the communal parts of the building.
As an example, take Islington Wharf which is a large development consisting of 200 apartments. We have managed the site for approximately 4 years. Over this period of time, we have introduced a number of energy-saving initiatives.
The main one has been the replacement of the older lighting systems for newer LED units. LED lighting has dropped considerably in cost over this period of time and is now highly cost effective and more efficient.
Over the past 10 years we’ve seen LED lighting transform from very low output through to now being undetectable from original lighting in feel and brightness.
Back to Islington Wharf, we’ve been monitoring its electricity usage and have seen this reduce year on year. The site now uses 30% less electricity compared to when we took over the management. This reduction is the equivalent of 60 tonnes of CO2 each year.
Converting this to something we can understand, the saving achieved here is the same as taking 10 cars off the road each year.
So, if you live in a building with old lighting, ask your management company to upgrade it. It might hit the finances for 18 months, but it will have then paid for itself and you’re then making savings all the way (and reducing CO2 each year). A good LED fitting should last 5 years, so do the maths and breath easy (literally).